The Boston Red Sox have agreed to a seven-year, $100 million contract extension with Dustin Pedroia that will make the four-time All-Star the highest paid second baseman in baseball—at least for now.

Pedroia will have an average annual salary of more than $14 million under the deal, which runs from 2015 until 2021 and includes a full no-trade clause. An official announcement won't be made until Wednesday at the earliest, but Pedroia talked to Scott Lauber of the Boston Herald about it.

"This is my home," said Pedroia, who was drafted by the Red Sox in 2004 and made his major league debut with the club two years later. "It's the only thing I've ever known."

The 2008 American League MVP, who will turn 30 on Aug. 17, is signed through 2014 (at $10 million) as part of the six-year, $40.5 million contract he signed in December 2008. The Red Sox hold an $11 million option for 2015 with a $500,000 buyout.

Pedroia is hitting .306/.384/.420 with six home runs, 58 RBIs and 14 stolen bases.

The contract extension figures to be of particular interest to the New York Yankees' Robinson Cano, another second baseman who's been a perennial American League All-Star. Cano, who's 10 months older than Pedroia, is in the final season of a $57 million, six-year deal.

Cano left super-agent Scott Boras to sign with Jay-Z’s Roc Nation Sports earlier this season, a move some observers believe makes it less likely he will see the free-agent market.

The Yankees and Cano have been working on a long-term deal but so far haven't come to an agreement. Some reports indicate Cano eventually could land a six- to eight-year deal at about $25 million per season.